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BUSINESS

SCIB jumps 34.15 per cent in early trade

19/01/2022 10:57 AM

KUALA LUMPUR, Jan 19 -- Shares of Sarawak Consolidated Industries Bhd (SCIB), which resumed its trading today, jumped 34.15 per cent in the early trade today following the announcement of its business growth in Malaysia and regionally, as well as the issuance of its Annual Report 2021.

At 10.35am, SCIB was traded seven sen higher at 27.5 sen, with 75.42 million shares changing hands.

In a statement on Monday, the group said it had issued its Annual Report 2021, which includes the annual audited financial statements, together with the directors’ reports for the accumulated 18 months of the financial period ended June 30, 2021.

The group said it would be focusing on creating value and optimising its performance for the year ahead on the concessions of roadwork maintenance projects across Malaysia, housing development projects, including PR1MA contracts, and water treatment plant projects.

SCIB has an existing order book of RM1.2 billion.

-- BERNAMA

 


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